Monday, February 15, 2016

White collar workers returning home for Spring Festival busy buying third tier

White-collar workers returning home for Spring Festival busy buying, third-tier cities that the developers for the holidays do not have a holiday

Trading volume in the first-tier cities during the Spring Festival are not high, most homebuyers choose to return home home buyers. Oriental IC data

According to China index Academy figures, 2016 during the Spring Festival (February 7-February 13) monitored in 15 major cities across the country, total amount of newly-built commercial housing sold last year rose 6.9% during the Spring Festival, including 8 cities rose, and the increase is obvious, 7 cities fell, Fuzhou and Hefei, the biggest decline.

Data show that is not high trading volume in the first-tier cities during the Spring Festival, most homebuyers choose to return home home buyers. In Shanghai, for example, trading volume during the Spring Festival to their lowest level in nearly four years.

Shanghai chain market research monitoring data show that during the Spring Festival (2.7-2.13) the city's commodity supply of residential zero; volume of 3,300 square meters, representing a 14.36% drop in last year's Spring Festival; prices 28594 Yuan/sq m, higher than last Spring Festival 6.28%.

Sales agents in Shanghai, said some property for a Cover Plate in good situations, internal adjustment.

Shanghai centaline property research and consulting Senior Manager, Carol Gong believes that insufficient supply is the objective factors, subjective factors as the Shanghai market traded strong housing prices chasing the mentality. Second, in 2016, during the Spring Festival, Shanghai's population decreased, insufficient popularity also led to deals cool. Data shows that 11 million people in Shanghai during the spring of 2016, up 8.23% from a year earlier.

Insiders said that during the Spring Festival, overall buying sentiment in returning home is not low.

Released report an account of the middle finger back to the China index Research Institute showed that during the Spring Festival, some housing groups choose to return home.

A case study of Hefei, lunar new year before developers chasing a reduction in plate, but under the influence of future prices rise expected, buyers purchase willingness, coupled with the shock of returning home crowd, hot market demand. In early 2016, prologue in the property market has just opened in Hefei, multiple areas appeared "House stealing spree", January home prices for the first time in Hefei "broken", 9008 Yuan/square meter. After the Spring Festival holiday, real estate companies will increase the amount of plate, or rationalized.

In addition, chifeng, Inner Mongolia, a Prairie town in more than 10 years, housing prices rose several times. It is understood that before 2003, home prices in chifeng at around 1500 Yuan/square meter, from 2003 to 2008 there has been a wave of rising, but not much, by 2008 the prices to chifeng 3000 Yuan/square meter, at that time, we think prices are high. Now, chifeng's price has reached 5000 Yuan/square meter.

Snow said of the China index Academy, sister in Shanghai rents for five years, 2015 transferred to Changchun, bought first homes a few months later, she compared prices in Shanghai and current levels of wages, prices cheaper in Changchun, purchase stress free. Some graduate students after graduation, also chose to settle in Changchun. As part of the 2014 just graduated people, their is not much savings, but to marry and have children age, the House has become an urgent need for them, so the majority of parents are helping pay the down payment.

From Taiyuan, Shanxi, statistics, commercial housing prices also rose steadily. In 2015, the commercial area in Taiyuan compared growth rates go down to increase (in 2014 fell 1%), an increase of 6.9%, but still significantly lower than in 2012, 2013 Super 30% per cent growth.

Taiyuan evergrande sales surge, officers said, they didn't for the Spring Festival holiday, still for sale.

"Two or three cities overall prices have not low, for people with some extra money to invest in stocks may have been waiting for the bottom, so configuration property has some value. "E-house research director Yan Yuejin, a think-tank says. A share retail melting heart 96 hours stock market

Wuhan as an example, Anju Sir network shows long residential reference price is 6200 Jing Xuan Yuan/square meter, the reporter calls its salespeople, the officers said, the current average price for 6500 Yuan/square meter.

The other hand, some local cities are also committed to relax its real estate policies.

A case study of Gansu, Gansu Provincial Department of construction held in 2016, points out that housing and urban-rural construction Working Conference, part of Gansu province, State inventory problem will guide developers due falling prices.

Shanxi, in the recently held the housing and urban-rural construction and clean government work Conference pointed out that seven policies to commercial housing inventory will be taken, including expanding housing needs of groups, accelerate the process of peasants engineering citizens, ensure that the newly settled inhabitants enjoy the same education, employment and other basic public services for the protection of migrant housing. And develop the housing subsidy policy, encouraged the town to go to school, get married, pensions of migrant workers in the city, the County home buyers, promotion of migrant workers and other persons in employment to buy commodity houses.

Yan Yuejin said that overall, the 2015 larger prices, particular restriction of cities, such as Shenzhen, Shanghai, Beijing, while many urban property market trading is not active during the Spring Festival, but is expected to continue after the Spring Festival is active.

And in terms of housing transactions, many intermediaries until about six started work earlier in the year. Ruey Yang real estate agents say, "buy a House early decision, now the landlord's price or keep it year ago levels, after a lantern said bad, there will be a wave of rising. "

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